Belmont 341 Belmont St 3 Unit Apartment Building $748,000 ($249,333/Unit) 7.36% Cap Rate Fall River, MA 02720

Priced To SELL!! Welcome to 341 Belmont—a classic 3-family corner lot situated in the heart of the Highlands. This property features many recent improvements, new complete exterior painting, as well as all new plumbing on the 1st and 2nd floors, updated electrical, mini split units for efficient heating and cooling, a 4 year old roof, and newly refinished hardwood floors throughout. The first floor offers a spacious 3-bedroom layout with in-unit laundry, while the second and third floors share the same footprint and could easily be converted to 3-bedrooms. Second floor also includes a dedicated laundry room with gas hook ups. The 4th floor is a spacious 450 ft semi finished 1 bedroom and recorded by the city. All floors have an amazing view of the the water. The detached 2-stall garage provides an opportunity for extra rental income, while the large backyard offers ample space for potential expansion or outdoor living. Buyers should perform due diligence with the city to explore the possibility of adding an ADU. Conveniently located near Charlton Memorial Hospital, the new MBTA station, and the anticipated Davol Street waterfront project. Perfect opportunity for seasoned investor seeking strong rental income or an owner-occupant.